Press release
Articulated Robot Global Market Report 2023 - By Industry Analysis, Size, Share, Trends, Segment And Forecasts To 2032
The global articulated robots market size is expected to grow from $13.44 billion in 2022 to $15.59 billion in 2023 at a compound annual growth rate (CAGR) of 16.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The articulated robots market is expected to grow to $27.36 billion in 2027 at a CAGR of 15.1%.
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Major competitors in the Articulated Robots market are ABB Ltd., FANUC Corporation, Kawasaki Heavy Industries Ltd., KUKA AG, Omron Adept Technology Inc.
A key trend in the Articulated Robots market includes rapid technological changes. Key players are focusing on advancements such as collaborative robots, commercial drones, AI-enabled robots, self-healing robots, cloud robots, and customized robots to gain a competitive edge in the market. For instance, in July 2020, OMRON Corporation, a US-based manufacturer of control equipment, factory automation systems, electronic components, automotive electronics, ticket vending machines, and medical equipment, launched the HD-1500 autonomous mobile robot.
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The Articulated Robots market is segmented -
• By Type: 4-Axis Or Less, 5-Axis, 6-Axis Or More
• By Payload: Up to 16 Kg, 16 to 60 Kg, 60 to 225 Kg, More Than 225 Kg
• By Function: Handling, Welding, Dispensing, Assembly, Processing, and Other Functions
• By Component: Controller, Arm, End Effector, Drive, Sensor, Other Components
• By End Industry: Automotive, Electrical And Electronics, Chemicals, Rubber And Plastics, Metal And Machinery, Food And Beverages, Precision Engineering And Optics, Pharmaceuticals And Cosmetics, and Other End-Users
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Articulated Robots market.
The Business Research Company's "Global Articulated Robots Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Articulated Robots Market Include:
1. Executive Summary
2. Articulated Robots Market Characteristics
3. Articulated Robots Market Trends And Strategies
4. Articulated Robots Market - Macro Economic Scenario
5. Articulated Robots Market Size And Growth
………………………………..
26. Africa Articulated Robots Market
27. Articulated Robots Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Articulated Robots Market
29. Articulated Robots Market Future Outlook and Potential Analysis
30. Appendix
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